RE:RE:AISC?The market was completely hammered today. Thus why the drop intensified afternoon from $ 2.06 USD to $ 1.95 USD.
Stock was trading pretty much $ 2.05 to $ 2.08 all day until 2 PM when things really went bad for the markets.
FYI: The cost to take Midas Mill's Hollister ore processing rate to 85 % - 90 % is already FACTORED INTO THE CAPEX # under MIDAS MILL per the Budget. What are you talking about? Raising Equity??? They have very little debt and still have $ 20 M + USD of Cash and an untapped revolver of $ 23 M USD. FACT
Also note:
Q4 Capital Spend was only to be $ 11.8 M USD the lowest of all quarters of 2017. This is why Q4 should actually be a break-even quarter or slight gain.
Q3 was the true disaster. If Kirkland Lake Gold is down over 6 %, you know the markets are bad.
Aurora Cannabis down 16.5 % (but then again all marijuana stock were beyond overvalued). It's called a MARKET ROUT. Just bad that they released the #s today especially with decent employment non farm payrolls. Too bad Huet had pneumonia or else they would have waited until Wednesday.
They picked the WORST DAY to release the #s but it's now done & over.
JIN
insideoutside wrote:
and additional capex spending will be needed to get holister recovery up to 90% requiring more share dilution.. costs are going to be very high in Q4 AGAIN !! with the big production miss. Finally low reserves equals no chance of a tekeover. I see no catalyst to move this in 2018.. No wonder the newsflow has been near nonexistent. 12mo ago we were saying how they sandbagged 2017 guidance and look how that turned out, big miss.